Leading provider of services for digital transformation and product creation, Orion Innovation (“Orion”), announced today that it has partnered with Stanbic Bank Kenya to support an overhaul and modernization of the bank’s fundamental operations. As per the terms of the deal, Orion will integrate Temenos’ cloud-based digital banking platform with Stanbic Bank Kenya’s operations to provide cutting-edge digital solutions and better client experiences.
Orion’s Chennai centre in India will handle all of the partnership’s services and deliveries. Orion’s Chennai location, which serves as India’s centre for delivering financial services, offers a cutting-edge innovation lab where custom solutions are created and seamlessly integrated with the Temenos suite. Stanbic Bank Kenya from India will benefit from the vast amounts of data managed by Orion’s team of professionals, who will also guarantee correctness and consistency.
Stanbic Bank Kenya chose Orion, a reliable and globally certified Temenos partner, to upgrade its Transact application from R17 to R23 and transition from TAFC to the new TAFJ standard. More than 6000 local code adaptations and 90+ integrations are part of the big project. Stanbic Bank Kenya will leverage the industry-leading Test Automation tools and services from Orion to shorten the project schedule.
The strategic alliance with Stanbic Bank highlights Orion’s leadership role in transforming the Financial Services industry across the MEA region. “We are excited to partner with Stanbic Bank Kenya on the bank modernization initiative,” said Anoop Gala, Orion’s Global Head of Financial Services. “Our team is committed to fueling digital innovation in the African Financial Services market by securing our banking partners in deploying advanced implementation tools which ensure compliance and advance their project timelines.”
Suchen Janjale, Orion’s Head of Financial Services in Europe, said, “Our comprehensive offerings around Temenos, coupled with our proven track record in efficient and successful upgrades and integrations, were instrumental in Stanbic Bank Kenya’s decision to choose Orion as its trusted partner.”
Dr. Joshua Oigara, Stanbic Bank Kenya and South Sudan Chief Executive said, “Technology and innovation are central to our continued growth in a highly digitized and complex banking environment. This upgrade adds to our technological capabilities and enables us to better serve our clients both on a local and global scale. We are proud to partner with Orion and to leverage its strong background and expertise in driving system modernization.”
Alex Siboe, Stanbic Bank Kenya Head of Technology, said, “Transforming customer experience through technology is at the cornerstone of the bank’s strategy. Aligned with our objective of delivering exceptional client experiences and superior value, we consistently work towards adopting the right technologies to drive efficiency and satisfaction for our clients. This upgrade fits into our digital transformation journey and will help us provide a seamless and superior banking experience to our customers. Furthermore, through this upgrade, we will not only enhance our operational efficiency but also offer innovative services to our customers, meeting their evolving needs in today’s digital era.”